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Solana’s DEX ecosystem dominance nears 50% with record $200B trading volume

January 23, 2025Updated:January 23, 2025No Comments2 Mins Read
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Solana’s DEX ecosystem dominance nears 50% with record 0B trading volume
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Solana’s decentralized alternate (DEX) ecosystem has achieved a record-breaking milestone, surpassing $200 billion in buying and selling quantity. This milestone represents the very best month-to-month quantity recorded throughout a single blockchain.

Information from DeFiLlama revealed that Solana’s DEXs recorded $202.7 billion in whole buying and selling quantity, greater than tripling Ethereum mainnet’s $63 billion for a similar interval.

Solana’s DEX ecosystem dominance nears 50% with record 0B trading volume
Solana DEX Quantity (Supply: DeFillama)

This represents a 100% leap from Solana’s earlier document of $129 billion in November 2024 and cements the blockchain community’s practically 50% dominance of the sector.

Cody Poh from Pantera Capital famous that memecoins account for half of the DEX buying and selling quantity on Solana. The pattern has been additional amplified by US President Donald Trump‘s introduction of his memecoin on the blockchain community simply earlier than his inauguration.

Solana Memecoins
Solana Memecoins Buying and selling Quantity (Supply: X/Cody Poh)

Raydium, the main DEX on the blockchain community, has considerably benefited from this progress. In response to DefiLlama information, the platform accounts for greater than 45% of the ecosystem’s buying and selling quantity, facilitating roughly $90 billion in buying and selling actions this month.

The publish Solana’s DEX ecosystem dominance nears 50% with document $200B buying and selling quantity appeared first on CryptoSlate.



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200B DEX dominance ecosystem Nears Record Solanas trading volume
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